June 28, 2026 04:53 pm (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
Fresh paper leak rocks India: Maharashtra TET postponed a day before exam, over 4 lakh aspirants affected | Pune fort murder case: Siya Goyal's brother says family would have called off marriage if she had objected | Donald Trump gets a road named after him in India, says 'Thank You!' | Fresh setback for Gautam Adani? US judge asks DoJ to justify dropping criminal charges | Ram Mandir Trust chief Champat Rai resigns as alleged donation siphoning row escalates | Ram Mandir fund row deepens: 8 arrested days after BJP called allegations 'false narrative' | 'Who tied the hands of CBI?': Calcutta HC on RG Kar case; victim's mother, now BJP MLA, says she is 'deeply disturbed' | Construction comes to a standstill at nearly 700 Kolkata projects after Taratala warehouse tragedy kills 15 | World Cup shocker! Ecuador stun Germany 2-1, storm into Round of 32 | Iran-US conflict: Cargo vessel hit near Strait of Hormuz, UN agency pauses evacuation operations
Elon Musk
Representational image on Wallpaper Cave

Tesla CEO Elon Musk explores business expansion in China during meeting with Foreign Minister

| @indiablooms | May 31, 2023, at 05:39 am

Beijing/China: Elon Musk, the CEO of Tesla, recently met with China's Foreign Minister, Qin Gang, during his visit to Beijing on Tuesday. 

The Chinese Ministry released a statement confirming the meeting, where Qin Gang conveyed China's commitment to providing a better market-oriented, rule-of-law-based, and internationalized business environment for foreign enterprises.

This marked Elon Musk's first visit to China since the outbreak of the Covid-19 pandemic. The purpose of his visit was to strengthen Tesla's presence in the country, as his electric vehicle company had previously announced plans in April to construct a new battery factory in Shanghai, as per AFP reports.

The upcoming facility will serve as Tesla's second factory in Shanghai, following the groundbreaking of its massive Gigafactory in 2019.

However, Musk's close ties with China have attracted attention and scrutiny in the United States, particularly from President Joe Biden. In November, President Biden remarked that the executive's foreign connections were deserving of investigation.

During the meeting, Elon Musk expressed Tesla's willingness to further expand its operations in China, as conveyed by the Chinese foreign ministry. This indicates the company's determination to solidify its position in the Chinese market, which has been a crucial focus for Tesla's growth strategy.

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.